Announcing a New Release at Florida’s Newest Intracoastal Waterfront Property on Saturday, May 20th

FLAGLER COUNTY, Fla., May 8, 2017 /PRNewswire/ — Patten Companies is proud to announce brand new properties at Seaside Landings are being released Saturday, May 20th. This stunning intracoastal community on Florida’s desirable east coast boasts spacious homesites, majestic oaks and wide canals. Property like this can never be replicated or permitted again.

Seaside Landings is an easy drive to the scenic A-1-A and Flagler Beaches, the Palm Coast Town Center, I-95, and to a host of surrounding international airports. The new Florida Hospital is also conveniently located just outside the community. More details about Seaside Landings can be found here, http://www.seasidelandings.com/about-seaside-landings/.

The gated community will offer the pleasures of a modern lifestyle expected and proven by Patten Companies and the aesthetics of a charming once-hidden-away fishing town. It will provide each homeowner access to the intracoastal via direct frontage or via boat slip by the intracoastal waterway. The roads are fully paved and city utilities, including water and sewer, are also fully provided, and no CDD fees.

„Direct dockable waterfront properties are becoming scarce across the state as new waterfront communities are almost unheard of,” says Jon Riley of Patten Companies. „This leaves most customers the option of purchasing property in an older, established area and often times having to demolish an existing structure to do so. This adds cost to their overall purchase and places their brand new custom home mixed in with construction of various decades.”

Riley continues, „At Seaside Landings customers have a blank canvas where they will be able to construct their dream residence surrounded by complementary new construction. This is an advantage and value for those who have the opportunity to call Seaside Landings home.”

Now is the time to take advantage of the best possible selection in Florida’s newest waterfront community. This is an incredible opportunity to own waterfront property along one of Florida’s most valued coasts. Homesites will be available starting at $119,900 on Saturday, May 20th.

Contact Seaside Landings by calling (888) 564-9148 ext. 27 or visit http://www.seasidelandings.com/contact/.

Contact Information:
Patten Companies
Visit: http://seasidelandings.com/
Email: seaside@pattenco.com
Phone: (888) 564-9148 ext. 27

ABOUT PATTEN COMPANIES
Patten Companies and its partners are recognized as being among the industry’s foremost
authorities on real estate investment and development across the nation. Our culture is founded
on integrity and professionalism.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/announcing-a-new-release-at-floridas-newest-intracoastal-waterfront-property-on-saturday-may-20th-300453451.html

SOURCE Patten Companies

Related Links

http://www.pattenco.com

Bain & Company’s Kara Gruver Named to Consulting Magazine’s 2017 „Top 25 Consultants” List

NEW YORK, NY–(Marketwired – May 08, 2017) – Kara Gruver, managing director of Bain & Company’s Boston office — the firm’s headquarters, its largest office worldwide, and home to many of its global and regional practice heads — has been recognized by Consulting magazine as one of its „Top 25 Consultants” for 2017 in the category of Excellence in Leadership.

Since taking the helm of Bain Boston in 2012, Gruver has focused on growing the firm’s priority clients and partnering with them to build new capabilities. The result: the office’s growth has outpaced the firm’s global growth by 2:1 for the last three years. Bain Boston also ranked in the top three for employee satisfaction for the fifth consecutive year, per the firm’s 2016 Worldwide Employee Survey.

Gruver has played a key part in shaping Bain Boston’s distinct culture, making significant strides over the last year in further increasing the office’s diversity. In 2016, the proportion of female managers in the Boston office reached an all-time high of 45 percent due in part to Gruver’s focus on ensuring that women comprise approximately half of each incoming consultant and associate consultant class and that each woman is matched with a sponsor invested in helping her advance. Gruver also continues to broaden the scope of the office’s hiring, tapping resources from other non-traditional consulting industry sources, as well as increasing advanced degree and industry hires.

„I have had the pleasure of working alongside Kara for many years. In that time, I have personally seen the impact she has on the firm, the difference she has made in developing a truly talented team of people, and the outstanding results she has delivered for her clients,” said Bill Neuenfeldt, Bain’s regional managing director of the Americas. „She embodies the best of Bain, and I am thrilled that the industry is honoring her accomplishments.”

In her client-facing role, Gruver has spent more than a decade advising leading consumer products and retail companies. This includes three years as head of Bain’s North American Consumer Products Practice, which she grew at twice the rate of the Americas overall business.

Gruver is a strategic business advisor to her clients supporting them on a wide range of issues including corporate strategy, pricing and trade strategy, M&A, innovation, supply chain restructuring, and organizational effectiveness. She also has deep expertise in operating models, decision effectiveness, and innovation.

Gruver joined Bain in 1986 and in 1992 became one of the founding members of the firm’s Chicago office. There, she spent three years investing in the local clients and growing the team from three to 50 people, firmly establishing Bain’s presence in Chicago and across the Midwest.

With many diverse leadership successes under her belt, Gruver was a natural fit to be appointed to the Bain Board of Directors in 2015. She also served on the firm’s global compensation and promotion committee from 2009-2012.

„This recognition from Consulting magazine is truly humbling. I consider myself lucky to be surrounded by a rich intellectual environment that allows me to take on new and different challenges every day,” said Gruver. „However, solving these problems wouldn’t be nearly as interesting if I couldn’t engage with and learn from my Bain colleagues and clients, who are the most enjoyable part of my job. They have made Bain an industry leader and a great place to work, and I’m pleased to share this award with all of them.”

Gruver earned her MBA from the Darden School at the University of Virginia, where she was selected a Shermet Scholar. She graduated magna cum laude from Dartmouth College with a B.A. in computer science.

Gruver and the fellow honorees will be recognized at a dinner on June 15 in New York City. Coverage of the honorees and the event appears in Consulting magazine’s May issue (www.consultingmag.com). Consulting is published by ALM, a global leader in specialized industry news and information.

Editor’s Note: To arrange an interview with Ms. Gruver, please contact Dan Pinkney at dan.pinkney@bain.com or +1 646 562 8102.

About Bain & Company

Bain & Company is the management consulting firm that the world’s business leaders come to when they want results. Bain advises clients on strategy, operations, information technology, organization, private equity, digital transformation and strategy, and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has 55 offices in 36 countries, and its deep expertise and client roster cross every industry and economic sector. For more information visit: www.bain.com. Follow us on Twitter @BainAlerts.

ConcertoHealth(R) Expands Presence in Michigan with New Clinical and Administration Office in Kalamazoo

/EINPresswire.com/ — KALAMAZOO, MI–(Marketwired – May 8, 2017) – ConcertoHealth, the leading provider of specialized primary care and supporting clinical services for complex, frail, elderly and dual-eligible patients, is expanding its presence in Michigan with the opening of a new clinical and administrative office in Kalamazoo. The office will serve as the clinical hub for the company’s innovative Primary Care Support Services model in the Southwest Michigan Region.

„This will be a collaborative space where primary and specialty care clinical professionals and community-based behavioral health and social workers can meet with patients and their caregivers,” said ConcertoHealth Michigan Medical Director Bobby Lee, MD.

Operating exclusively in value-based agreements, ConcertoHealth provides high-touch, individualized care for complex, frail, elderly and dual-eligible patients by deploying on-the-ground clinical staff and resources to extend the reach of primary care physicians (PCPs). ConcertoHealth’s care model delivers patient support through a care team that includes nurse care managers, care coordinators, social workers, pharmacists, home-visiting doctors and dietitians. The team based in the Kalamazoo office will apply ConcertoHealth’s hallmark patient-centric approach to comprehensive telephonic and field-based care, and will also offer network support to health plan partners’ PCPs.

„The new office will offer a central location where our interdisciplinary care teams can come together to evaluate patient needs and improve coordination and quality of care, with the goal to provide the best possible patient outcomes,” said Kellie J. Rice, executive director for the ConcertoHealth Michigan market. „We look forward to this new, central location and expansive office space that will allow us to welcome medical providers, support services, patients, and their caregivers.”

Previously ConcertoHealth’s Kalamazoo team was operating in a smaller, temporary space. The new office accommodating 90 positions expands ConcertoHealth’s footprint in Michigan, which currently includes four Care Centers in the greater Detroit area.

The Kalamazoo office will be located at 6563 W. Main St. ConcertoHealth has invested approximately $400,000 in the new 14,500-sq. ft. space, which is scheduled to officially open on June 1.

About ConcertoHealth

ConcertoHealth Inc. is the leading provider of specialized primary care and supporting clinical services for complex, frail, elderly and dual-eligible patients. Operating exclusively in value-based agreements, ConcertoHealth provides high-touch, individualized care for patients, and also deploys wraparound clinical resources to extend the reach of primary care practices. This comprehensive medical management solution, elevated by Concerto’s proprietary population health technology, improves overall healthcare quality and patient outcomes, benefitting payers and their provider networks. The company is headquartered in Irvine, Calif.

www.concertohealth.com

BBX Capital Chairman & CEO Alan Levan Cleared of Any Wrong Doing in „Frivolous” SEC Case

FORT LAUDERDALE, FL–(Marketwired – May 08, 2017) – BBX Capital Corporation (OTCQX: BBXT) (OTCQX: BBXTB) announced today that a federal jury has rejected all remaining civil fraud claims brought by the United States Securities and Exchange Commission against its wholly owned subsidiary formerly known as BankAtlantic Bancorp and its Chairman & CEO Alan B. Levan. The jury’s decision follows a six week trial in Miami and ends a legal saga that dates back to 2007, at the start of the real estate market crash and subsequent financial crisis.

„I am pleased this regrettable nine-year ordeal is finally over and has ended in complete exoneration,” said Alan B Levan. „This frivolous action by the SEC was clearly motivated either by incompetence or by malicious self interest so the agency could say it did something to somebody other than watch the banking system collapse under its nose. I am ready to move on and build on the considerable success we have enjoyed at BBX Capital, which has prospered despite the unfair and unwarranted burden imposed on us by this SEC witch hunt.”

The jury rejected the SEC’s outlandish claim that three sentences spoken during an 80 minute earnings conference call in July 2007 were false and violated securities law. Those three sentences, describing the performance of the real estate loans held by BankAtlantic, were truthful and a small part of a huge volume of timely public disclosures issued on the same subject. The SEC’s claim that BankAtlantic’s disclosures in its public SEC filings were false was previously rejected by a jury in December 2014.

The jury also rejected the SEC’s argument that 17 loans held in the bank’s portfolio should have been accounted as „held for sale” instead of „held for investment” for the fiscal year ending December 31, 2007. PriceWaterhouseCoopers, the company’s external auditing firm at the time, testified that the 2007 financial statements were fairly stated, that the firm’s opinion was never withdrawn and the financial statements were never required to be restated.

„Not only did Alan Levan do nothing wrong, his behavior during one of the darkest periods in U.S. banking history was impeccable,” commented Eugene Stearns, an attorney at Stearns Weaver Miller who represented BankAtlantic and Mr. Levan. „The bank never made toxic mortgage loans and didn’t take a penny of federal bailout money,” added Stearns. „If every bank in the country had engaged in similar conservative practices, we might have completely avoided the financial crisis. The relentless pursuit of a meritless case demonstrates just how far off the rails the SEC has gone to find scapegoats for its considerable regulatory failures.”

BankAtlantic, one of the only Florida-based community banks to survive the financial crisis, was sold to BB&T Corp in 2011. At its peak, BankAtlantic had more than 100 branches and $6.5 billion in assets.

About BBX Capital Corporation:

BBX Capital Corporation (OTCQX: BBXT) (OTCQX: BBXTB), formerly BFC Financial Corporation, is a diversified holding company whose principal activities are its ownership of Bluegreen Corporation and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses.

Bluegreen, founded in 1966 and headquartered in Boca Raton, Florida, is a sales, marketing and management company, focused on the vacation ownership industry. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 206,000 owners, 66 owned or managed resorts, and access to more than 4,300 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, fee-based resort management, financial services, and sales and marketing services, to or on behalf of third parties.

As of December 31, 2016, BBX Capital had total consolidated assets of $1.4 billion, shareholders’ equity of $454.6 million, and total equity of $495.5 million.

For further information, please visit our family of companies:

BBX Capital: www.BBXCapital.com

Bluegreen Corporation: www.BluegreenVacations.com

Cable & Wireless Reports Preliminary Q1 2017 Results

/EINPresswire.com/ — MIAMI, FL–(Marketwired – May 8, 2017) – Cable & Wireless Communications Limited („CWC”) is the leading telecommunications operator in substantially all its consumer markets, which are predominantly located in the Caribbean and Latin America, providing entertainment, information and communication services to 3.6 million mobile, 0.4 million television, 0.6 million internet and 0.8 million fixed-line telephony subscribers. In addition, CWC delivers B2B services and provides wholesale services over its sub-sea and terrestrial networks that connect over 30 markets across the region.

Liberty Global’s Acquisition of CWC
On May 16, 2016, a subsidiary of Liberty Global plc („Liberty Global”) acquired CWC (the „Liberty Global Transaction”). Revenue, Adjusted Segment EBITDA3 and subscriber statistics have been presented herein using Liberty Global’s definitions for all periods presented unless otherwise noted. Further adjustments to these metrics are possible as the integration process continues. The results for the three months ended March 31, 2017 have also been aligned to Liberty Global’s IASB-IFRS1 accounting policies and estimates. Significant policy adjustments have been considered in our calculation of rebased growth rates for revenue and Adjusted Segment EBITDA. For additional information on Liberty Global’s definition of Adjusted Segment EBITDA and rebased growth rates, see footnotes 1 and 4, respectively. A reconciliation of net earnings (loss) to Adjusted Segment EBITDA is included in the Financial Results, Adjusted Segment EBITDA Reconciliation & Property, Equipment and Intangible Asset Additions5 section below. In addition, effective for the 2016 fiscal year, CWC changed its fiscal year end from March 31 to December 31 to conform with Liberty Global.

Operating highlights:

  • Delivered Q1 Organic RGU6 additions of 10,000
    • Internet7 and fixed-line telephony8 subscribers were up 7,000 and 3,000, respectively, on an organic basis, as we increased penetration across our high-speed networks with bundling success in Jamaica, Panama and Trinidad
    • Video subscribers were flat as losses in Jamaica and Trinidad were offset by gains in Panama and the Bahamas
    • At March 31, 2017, we had a bundling ratio of 1.54 RGUs per customer, as 11% of our customers9 subscribed to triple-play, 32% subscribed to double-play and 57% to a single product. Our high single-play penetration provides potential for continued bundling success
  • Mobile subscribers10 increased by 27,000 on an organic basis, driven by prepaid additions in Panama
  • Highlights across our largest markets were as follows:
    • In Panama, we continued to build momentum through a revitalized go-to-market approach, adding 8,000 RGUs in the quarter. Of note, we added 2,000 internet and 2,000 cable video RGUs in Q1, as our bundled offers gained traction through network investments enabling faster speeds of up to 300 Mbps. We also continued to grow our DTH11 base, adding 3,000 RGUs in Q1 as we targeted more rural areas where we do not provide video through our hybrid fiber coaxial („HFC”) network. Our prepaid mobile base grew by 49,000 subscribers in the quarter as we launched data-led promotions and benefited from the seasonal Carnival uplift
    • In Jamaica we added 2,000 internet and 3,000 fixed-line telephony RGUs, however these were offset by a 5,000 video RGU decline. On the mobile front, we lost 10,000 subscribers in Q1, due to prepaid churn following increased promotional activity in the prior quarter
    • In the Bahamas, we added 2,000 RGUs in Q1 with momentum steadily building as we increased penetration of our newly constructed Fiber-to-the-Home (FTTH) network. The entry of our first mobile competitor in November 2016 had an impact on our base, as we lost 6,000 mobile subscribers, both prepaid and postpaid, in the quarter
    • Barbados RGUs declined by 2,000 in total, primarily resulting from a decline in our fixed-line telephony subscribers. We saw stability across video and internet RGUs as we improved service quality across our fixed network, which was a significant improvement compared to an aggregate loss of 5,000 RGUs in the prior quarter across these two products. On the mobile front, we lost 3,000 subscribers from churn following the heavy promotional activity during the December holiday period
    • Trinidad RGU additions were broadly flat, as a 3,000 video subscriber decline resulting from continued competitive intensity was offset by growth in fixed-line telephony through bundling promotions

Footnotes

* The financial figures contained in this release are prepared in accordance with IASB-IFRS1. CWC’s financial condition and results of operations will be included in Liberty Global’s consolidated financial statements under U.S. GAAP2. There are significant differences between the U.S. GAAP and IASB-IFRS presentations of our consolidated financial statements.

1 International Financial Reporting Standards, as promulgated by the International Accounting Standards Board (IASB), are referred to as IASBIFRS.

2 Accounting principles generally accepted in the United States are referred to as U.S. GAAP.

3 Adjusted Segment EBITDA is the primary measure used by our management to evaluate the company’s performance. Adjusted Segment EBITDA is also a key factor that is used by our internal decision makers to evaluate the effectiveness of our management for purposes of annual and other incentive compensation plans. We define EBITDA as earnings before net finance expense, income taxes and depreciation and amortization. As we use the term, Adjusted Segment EBITDA is defined as EBITDA before share-based compensation, provisions and provision releases related to significant litigation, impairment, restructuring and other operating items and related-party fees and allocations. Other operating items include (i) gains and losses on the disposition of long-lived assets, (ii) third-party costs directly associated with successful and unsuccessful acquisitions and dispositions, including legal, advisory and due diligence fees, as applicable, and (iii) other acquisition-related items, such as gains and losses on the settlement of contingent consideration. Our internal decision makers believe Adjusted Segment EBITDA is a meaningful measure because it represents a transparent view of our recurring operating performance that is unaffected by our capital structure and allows management to readily view operating trends and identify strategies to improve operating performance. We believe our Adjusted Segment EBITDA measure is useful to investors because it is one of the bases for comparing our performance with the performance of other companies in the same or similar industries, although our measure may not be directly comparable to similar measures used by other companies. Adjusted Segment EBITDA should be viewed as a measure of operating performance that is a supplement to, and not a substitute for EBIT, net earnings (loss), cash flow from operating activities and other EU-IFRS or IASB-IFRS measures of income or cash flows. A reconciliation of Adjusted Segment EBITDA to net loss is presented in the Unitymedia section of this release.

4 For purposes of calculating rebased growth rates on a comparable basis for the CWC borrowing group, we have adjusted the historical revenue and Adjusted Segment EBITDA for the three months ended March 31, 2016 to reflect the impacts of the alignment to Liberty Global’s accounting policies and to reflect the translation of our rebased amounts for the three months ended March 31, 2017 at the applicable average foreign currency exchange rates that were used to translate CWC’s results for the three months ended March 31, 2016. The most significant adjustments to conform to Liberty Global’s policies relate to the capitalization of certain installation activities that previously were expensed, the reflection of certain lease arrangements as capital leases that previously were accounted for as operating leases and the reflection of certain time-based licenses as operating expenses that previously were capitalized. We have not adjusted the three months ended March 31, 2016 to eliminate nonrecurring items or to give retroactive effect to any changes in estimates that have been implemented in the three months ended March 31, 2017. The adjustments reflected in our rebased amounts have not been prepared with a view towards complying with Article 11 of Regulation S-X. In addition, the rebased growth rates are not necessarily indicative of the rebased revenue and Adjusted Segment EBITDA that would have occurred if the acquisition of CWC had occurred on the date assumed for purposes of calculating our rebased amounts or the revenue and Adjusted Segment EBITDA that will occur in the future. The rebased growth percentages have been presented as a basis for assessing growth rates on a comparable basis, and are not presented as a measure of our pro forma financial performance.

5 Property, equipment and intangible asset additions include capital expenditures on an accrual basis, amounts financed under vendor financing or capital lease arrangements and other non-cash additions.

6 RGU is separately a Basic Video Subscriber, Enhanced Video Subscriber, DTH Subscriber, Internet Subscriber or Telephony Subscriber (each as defined and described below). A home, residential multiple dwelling unit, or commercial unit may contain one or more RGUs. For example, if a residential customer in our Austrian market subscribed to our enhanced video service, fixed-line telephony service and broadband internet service, the customer would constitute three RGUs. Total RGUs is the sum of Basic Video, Enhanced Video, DTH, Internet and Telephony Subscribers. RGUs generally are counted on a unique premises basis such that a given premises does not count as more than one RGU for any given service. On the other hand, if an individual receives one of our services in two premises (e.g. a primary home and a vacation home), that individual will count as two RGUs for that service. Each bundled cable, internet or telephony service is counted as a separate RGU regardless of the nature of any bundling discount or promotion. Non-paying subscribers are counted as subscribers during their free promotional service period. Some of these subscribers may choose to disconnect after their free service period. Services offered without charge on a longterm basis (e.g., VIP subscribers, free service to employees) generally are not counted as RGUs. We do not include subscriptions to mobile services in our externally reported RGU counts. In this regard, our March 31, 2017 RGU counts exclude our separately reported postpaid and prepaid mobile subscribers.

7 Internet Subscriber is a home, residential multiple dwelling unit or commercial unit that receives internet services over our networks, or that we service through a partner network.

8 Telephony Subscriber is a home, residential multiple dwelling unit or commercial unit that receives voice services over our networks, or that
we service through a partner network. Telephony Subscribers exclude mobile telephony subscribers.

9 Customer Relationships are the number of customers who receive at least one of our video, internet or telephony services that we count as Revenue Generating Units („RGUs”), without regard to which or to how many services they subscribe. To the extent that RGU counts include equivalent billing unit („EBU”) adjustments, we reflect corresponding adjustments to our Customer Relationship counts. For further information regarding our EBU calculation, see Additional General Notes below. Customer Relationships generally are counted on a unique premises basis. Accordingly, if an individual receives our services in two premises (e.g., a primary home and a vacation home), that individual generally will count as two Customer Relationships. We exclude mobile-only customers from Customer Relationships.

10 Our mobile subscriber count represents the number of active subscriber identification module („SIM”) cards in service rather than services provided. For example, if a mobile subscriber has both a data and voice plan on a smartphone this would equate to one mobile subscriber. Alternatively, a subscriber who has a voice and data plan for a mobile handset and a data plan for a laptop (via a dongle) would be counted as two mobile subscribers. Customers who do not pay a recurring monthly fee are excluded from our mobile telephony subscriber counts after periods of inactivity ranging from 30 to 90 days, based on industry standards within the respective country.

11 DTH Subscriber is a home, residential multiple dwelling unit or commercial unit that receives our video programming broadcast directly via a
geosynchronous satellite.

About C&W Communications
C&W is a full service communications and entertainment provider and delivers market-leading video, broadband, telephony and mobile services to consumers in 18 countries. Through its business division, C&W provides data center hosting, domestic and international managed network services, and customized IT service solutions, utilizing cloud technology to serve business and government customers.

C&W also operates a state-of-the-art submarine fiber network — the most extensive in the region.

Learn more at www.cwc.com, or follow C&W on LinkedIn, Facebook or Twitter.

About Liberty Global
Liberty Global is the world’s largest international TV and broadband company, with operations in more than 30 countries across Europe, Latin America and the Caribbean. We invest in the infrastructure that empowers our customers to make the most of the digital revolution. Our scale and commitment to innovation enable us to develop market-leading products delivered through next-generation networks that connect our 25 million customers who subscribe to over 50 million television, broadband internet and telephony services. We also serve over 10 million mobile subscribers and offer WiFi service across 6 million access points.

Liberty Global’s businesses are comprised of two stocks: the Liberty Global Group (NASDAQ: LBTYA) (NASDAQ: LBTYB) (NASDAQ: LBTYK) for our European operations, and the LiLAC Group (NASDAQ: LILA) (NASDAQ: LILAK) (OTC PINK: LILAB), which consists of our operations in Latin America and the Caribbean.

The Liberty Global Group operates in 11 European countries under the consumer brands Virgin Media, Unitymedia, Telenet and UPC. The Liberty Global Group also owns 50% of VodafoneZiggo, a Dutch joint venture, which has 4 million customers, 10 million fixed-line subscribers and 5 million mobile subscribers. The LiLAC Group operates in over 20 countries in Latin America and the Caribbean under the consumer brands VTR, Flow, Liberty, Más Móvil and BTC. In addition, the LiLAC Group operates a sub-sea fiber network throughout the region in over 30 markets.

For more information, please visit www.libertyglobal.com

BBX Capital Chairman & CEO Alan Levan Cleared of Any Wrong Doing in „Frivolous” SEC Case

FORT LAUDERDALE, FL–(Marketwired – May 08, 2017) – BBX Capital Corporation (OTCQX: BBXT) (OTCQX: BBXTB) announced today that a federal jury has rejected all remaining civil fraud claims brought by the United States Securities and Exchange Commission against its wholly owned subsidiary formerly known as BankAtlantic Bancorp and its Chairman & CEO Alan B. Levan. The jury’s decision follows a six week trial in Miami and ends a legal saga that dates back to 2007, at the start of the real estate market crash and subsequent financial crisis.

„I am pleased this regrettable nine-year ordeal is finally over and has ended in complete exoneration,” said Alan B Levan. „This frivolous action by the SEC was clearly motivated either by incompetence or by malicious self interest so the agency could say it did something to somebody other than watch the banking system collapse under its nose. I am ready to move on and build on the considerable success we have enjoyed at BBX Capital, which has prospered despite the unfair and unwarranted burden imposed on us by this SEC witch hunt.”

The jury rejected the SEC’s outlandish claim that three sentences spoken during an 80 minute earnings conference call in July 2007 were false and violated securities law. Those three sentences, describing the performance of the real estate loans held by BankAtlantic, were truthful and a small part of a huge volume of timely public disclosures issued on the same subject. The SEC’s claim that BankAtlantic’s disclosures in its public SEC filings were false was previously rejected by a jury in December 2014.

The jury also rejected the SEC’s argument that 17 loans held in the bank’s portfolio should have been accounted as „held for sale” instead of „held for investment” for the fiscal year ending December 31, 2007. PriceWaterhouseCoopers, the company’s external auditing firm at the time, testified that the 2007 financial statements were fairly stated, that the firm’s opinion was never withdrawn and the financial statements were never required to be restated.

„Not only did Alan Levan do nothing wrong, his behavior during one of the darkest periods in U.S. banking history was impeccable,” commented Eugene Stearns, an attorney at Stearns Weaver Miller who represented BankAtlantic and Mr. Levan. „The bank never made toxic mortgage loans and didn’t take a penny of federal bailout money,” added Stearns. „If every bank in the country had engaged in similar conservative practices, we might have completely avoided the financial crisis. The relentless pursuit of a meritless case demonstrates just how far off the rails the SEC has gone to find scapegoats for its considerable regulatory failures.”

BankAtlantic, one of the only Florida-based community banks to survive the financial crisis, was sold to BB&T Corp in 2011. At its peak, BankAtlantic had more than 100 branches and $6.5 billion in assets.

About BBX Capital Corporation:

BBX Capital Corporation (OTCQX: BBXT) (OTCQX: BBXTB), formerly BFC Financial Corporation, is a diversified holding company whose principal activities are its ownership of Bluegreen Corporation and, through its Real Estate and Middle Market Divisions, the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects and middle market operating businesses.

Bluegreen, founded in 1966 and headquartered in Boca Raton, Florida, is a sales, marketing and management company, focused on the vacation ownership industry. Bluegreen manages, markets and sells the Bluegreen Vacation Club, a flexible, points-based, deeded vacation ownership plan with more than 206,000 owners, 66 owned or managed resorts, and access to more than 4,300 resorts worldwide. Bluegreen also offers a portfolio of comprehensive, fee-based resort management, financial services, and sales and marketing services, to or on behalf of third parties.

As of December 31, 2016, BBX Capital had total consolidated assets of $1.4 billion, shareholders’ equity of $454.6 million, and total equity of $495.5 million.

For further information, please visit our family of companies:

BBX Capital: www.BBXCapital.com

Bluegreen Corporation: www.BluegreenVacations.com

Overcoming A Past Of Abuse And Hardship To Lead A Life Of Success And Service To Others

ROCKVILLE, Md., May 8, 2017 /PRNewswire-USNewswire/ — Tieausha Thomas’ life story is one of courage and perseverance. For all that she has overcome — and all that she has accomplished — Goodwill Industries International is pleased to honor Thomas as its 2017 Kenneth Shaw Graduate of the Year.

Thomas grew up with a mother who abused drugs and neglected her, and a father who was an alcoholic and verbally and physically abusive. She lost her uncle and grandfather, and had several failed foster care experiences. She was married at a young age, had two children, and then divorced after facing still more abuse. Thomas has worked through the challenges in her life and is a successful working mother with an award-winning career, committed to caring for her children, ages 7 and 9, and reaching her goals.

„Tieausha is an inspiring example of how one person’s strength and resilience can break a generational cycle of violence and addiction,” said Stacy Larsen, communications manager and Thomas’s sponsor, Goodwill Industries of the Columbia Willamette (Portland, OR). „Her tenacious spirit triumphed over oppressive disadvantages. Despite the struggles of her past, Tieausha sees beauty in every day.”

Thomas credits Goodwill Industries of the Columbia Willamette’s Job Connection program for helping her turn her life around for the better. Working with an employment specialist, she learned the job-hunting and employment skills that helped her land a job as a teller with Wells Fargo in Salem, OR. She advanced from part-time to full-time teller in less than a year, and then to a position as a phone banker. She was also named among the Top 20 Tellers for her service area.

„I feel like I’m in a position both personally and professionally where I’m achieving my goals,” she said, „to have a decent life, good friends, to help others. And I’m not done. I’m just warming up.”

In addition to thriving in her career, she is also inspiring a younger generation through public speaking, an instructional video and her own Facebook page, Tieausha Speaks. She is also starting to write a book about her life to help inspire others like her.

Thomas will receive her award at the Delegate Awards assembly in Louisville, KY on June 27, 2017.

Goodwill Industries International’s Kenneth Shaw Graduate of the Year award honors an outstanding person for completing a Goodwill career program and becoming competitively employed by a non-Goodwill employer in the community. The award was renamed in 2008 to honor the late Kenneth Shaw’s significant contributions to the Goodwill enterprise over a four-decade period.

About Goodwill Industries International
Goodwill Industries International (GII) is a network of 162 community-based, autonomous organizations in the United States and Canada with a presence in 13 other countries. GII is a 501(c)(3) nonprofit that is recognized by GuideStar with its Platinum Seal of Approval, the organization’s highest rating for charities. GII was also ranked by Enso as the #1 brand doing the most good in the world, and was the only nonprofit brand rated in Forbes’ 20 most inspiring companies for three consecutive years. Local Goodwill organizations are innovative and sustainable social enterprises that create job training programs, employment placement and other community-based programs by selling donated clothing and household items in more than 3,200 stores collectively and online at shopgoodwill.com®. Local Goodwill organizations also build revenue and create jobs by contracting with businesses and government to provide a wide range of commercial services, including packaging and assembly, food services preparation, and document imaging and shredding. Last year, local Goodwill organizations collectively placed more than 313,000 people in employment in the United States and Canada. In addition, more than 34 million people used computers and mobile devices to access Goodwill education, training, mentoring and online learning services to strengthen their skills, and more than 2 million people received in person services. To learn more, visit goodwill.org.

For more information or to find a Goodwill location near you, use the online locator at Goodwill.org or call (800) GOODWILL. Follow us on Twitter: @GoodwillIntl and @GoodwillCapHill, and find us on Facebook: GoodwillIntl or Instagram: GoodwillIntl.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/overcoming-a-past-of-abuse-and-hardship-to-lead-a-life-of-success-and-service-to-others-300453434.html

SOURCE Goodwill Industries International

Related Links

http://goodwill.org

Oracle Optimizes Global Transportation and Trade Compliance Processes

REDWOOD SHORES, Calif., May 8, 2017 /PRNewswire/ — Oracle today announced a broad set of market-driven enhancements to Oracle Logistics Cloud that empower organizations to streamline global transportation and trade compliance processes. Under constant pressure to deliver goods faster, organizations can take advantage of the latest release of Oracle Logistics Cloud to streamline transportation processes, increase the occurrence of perfect order performance and reduce order cycle times. The new capabilities will also help organizations speed up delivery across all modes of domestic and international transport in order to help customers receive goods faster.

The latest release of Oracle Logistics Cloud includes new capabilities in both Oracle Transportation Management (OTM) Cloud and Oracle Global Trade Management (GTM) Cloud. The latest innovations help logistics, global trade and supply chain professionals achieve regulatory compliance by creating a more efficient logistics network that provides complete visibility and control over all orders and shipments. Built as a native trade and transportation platform, Oracle Logistics Cloud provides a unified, cloud-based solution for managing all aspects of a global logistics network.

„It’s challenging to manage the complexity involved with transporting goods to different regions and countries, and we’re committed to innovation in logistics cloud applications to make it as easy as possible for organizations to comply with trade and customs regulations,” said Derek Gittoes, vice president of supply chain management product strategy at Oracle. „The latest release of Oracle Transportation Management Cloud and Oracle Global Trade Management Cloud helps organizations streamline global transportation and trade compliance processes by providing a new modern user interface that maximizes user productivity.” 

Built for the cloud, the latest releases of Oracle Transportation Management Cloud and Oracle Global Trade Management Cloud introduce intuitive user experience enhancements that provide users with the vital information needed for decision making on the device of their choice. With the Logistics Adaptor in Oracle Integration Cloud Services (ICS), customers can deploy Logistics Cloud quicker and easier with products such as Oracle Supply Chain Management (SCM) Cloud and Oracle Enterprise Resource Planning (ERP) Cloud to enable an end-to-end order-to-cash solution in the cloud.

Additional features include:

  • Broad support for import, export, and transit declarations to ease the process of preparing customs declarations for users
  • New fleet management capabilities effectively manage private and dedicated fleet and carrier resources, allowing increased utilization and cost savings
  • New rate maintenance features enable customers to insert and update freight rates in a simpler manner than ever before through spreadsheet importing and exporting capabilities
  • Advances in 3D load configuration, which help organizations optimize the packing of trailers and containers, improve equipment utilization and reduce the number of trucks needed to move goods
  • Enhancements in dock scheduling capabilities streamline and simplify the dock appointment process
  • Support for license reservations ensure that the license will be guaranteed to be available when the goods are shipped. This is part of the License Management functionality in Oracle Trade Compliance, which reduces delays in delivering goods to customers.

The latest releases of Oracle Transportation Management Cloud and Oracle Global Trade Management Cloud are available now for existing and new customers. Organizations can choose flexible deployment options to best fit their needs.

For additional information on Oracle Supply Chain Management (SCM) Cloud, visit Facebook, Twitter or the Oracle SCM blog.

About Oracle
The Oracle Cloud delivers hundreds of SaaS applications and enterprise-class PaaS and IaaS services to customers in more than 195 countries while processing 55 billion transactions a day. For more information about Oracle (NYSE: ORCL), please visit us at http://cloud.oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates. Other names may be trademarks of their respective owners.

Safe Harbor
The preceding is intended to outline our general product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle Corporation.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/oracle-optimizes-global-transportation-and-trade-compliance-processes-300453435.html

SOURCE Oracle

Related Links

http://www.oracle.com

TSI Launches New DustTrak™ Mobile App

SHOREVIEW, Minn., May 8, 2017 /PRNewswire/ — TSI’s Environmental DustTrak™ Aerosol Monitor and various DustTrak models can now communicate with your mobile device through the DustTrak Mobile App. Combined with the wireless router and antenna, the DustTrak Mobile App allows you to quickly download, review and send logged data.

„We are excited to launch our new app, which will help our customers increase their productivity and reduce time spent collecting data,” said Steve Boehm, Senior Global Product Manager at TSI. „The new DustTrak Mobile App allows our customers to view live data with their phones, and download and delete reports within 150 meters of the instrument.”

For outdoor applications, driving within 150 meters of the instrument allows you to view and download data, enabling you to quickly move on to the next instrument without ever leaving your vehicle. For indoor applications, view and download data without having to enter the room, reducing your exposure. Data can be accessed through windows, doors and even walls.

The DustTrak Mobile App is available for download on the Google Play™ Store and iTunes®. For more information, please visit www.tsi.com/DustTrakMobile.

Media contact:
Kara Johnson
TSI Incorporated
6514902723
http://www.tsi.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tsi-launches-new-dusttrak-mobile-app-300453438.html

SOURCE TSI Incorporated

Related Links

http://www.tsi.com

Senior CFP Board Ambassador Jill Schlesinger, CFP® Receives FPA of New York’s Malcolm S. Forbes Award

WASHINGTON, May 8, 2017 /PRNewswire-USNewswire/ — Certified Financial Planner Board of Standards, Inc. announced today that Senior CFP Board Ambassador Jill Schlesinger, CFP® is the newest recipient of the FPANY Malcolm S. Forbes Award for Excellence in Advancing Financial Understanding presented by the Financial Planning Association of New York. 

Created to honor the late Malcolm S. Forbes, the award is granted annually by the Financial Planning Association of New York to a person or organization whose contributions have advanced financial education for the general public as well as the value of the financial planning profession. Since its inception in 1996, this award program has focused on increasing public awareness of the value of financial planning and motivating consumers to use financial planning professionals.

Past award recipients include the late Louis Rukeyser; Consuelo Mack, anchor for PBS’ WealthTrack TV show; Jonathan Clements and Ellen Schultz of The Wall Street Journal; and Jean Chatzky, financial editor of the „TODAY Show”.

„Jill has a knack for being able to strip out the jargon and communicate to consumers what they really need to know about personal finance,” said CFP Board’s Chief Executive Officer Kevin R. Keller. „This well-deserved award recognizes Jill’s great ability to connect with consumers along with her long-time commitment to the financial planning profession. We are very pleased that Jill is part of our CFP Board team working to raise public awareness about the value of working with a CFP® professional and the benefits of financial planning.”

FPANY chapter president Anthea Perkinson, CFP® added, „I am delighted that our chapter’s nominating committee selected Jill Schlesinger, CFP® to be recognized for her work promoting consumer financial education. As a New York City-based personal finance journalist, her work has impacted many and she continues to inspire our members.”

In her role as the Senior CFP Board Ambassador, Schlesinger provides consumers with timely personal financial advice and encourages people seek advice from CFP® professionals. Additionally, she supports CFP Board’s Public Awareness Campaign aimed at promoting the financial planning profession and the value of CFP® certification.

Schlesinger is also an Emmy-nominated Business Analyst for CBS News covering the economy, markets, investing and all things finance. She hosts the „Better Off” podcast and authors a blog called „Jill on Money.” 

ABOUT CFP BOARD

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, Certified Financial Planner, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements. CFP Board currently authorizes more than 77,000 individuals to use these marks in the U.S.

ABOUT FPANY
The Financial Planning Association of New York is the membership organization for the financial planning community in New York City.  Members of FPANY present free consumer financial education workshops through public libraries, colleges, universities and prominent nonprofit organizations throughout the five boroughs.  Volunteers also deliver pro bono individual financial counseling, as well as financial literacy education, to underserved New Yorkers through partnerships with nonprofit social service agencies located in NYC

FPANY is one of the largest chapters in the national Financial Planning Association whose 28,000 national members are dedicated to supporting the principles of sound financial planning. The organization believes that everyone needs objective advice to make informed financial decisions and that when seeking the advice of a financial planner, he or she should use a CFP® professional.

For more information contact info@fpany.org.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/senior-cfp-board-ambassador-jill-schlesinger-cfp-receives-fpa-of-new-yorks-malcolm-s-forbes-award-300453446.html

SOURCE Certified Financial Planner Board of Standards, Inc.

Related Links

http://www.cfp.net